ATC Services was discussing the same thing everyone else in the USA and the rest of the world are discussing. That is the debt ceiling issue and the lack of movement or sense of urgency by our elected officials.
One item that seems to be a little unsettling to the Seniors is the issue of their Social Security Benefits. First of all, you should be aware that the Social Security Trust is well. The following is a further explanation of how Social Security is paid, who is responsible for the Trust, and how and only how it can be NOT paid on time.
Here is the information:
Social Security Checks due on Aug. 3rd
Just heard Mark Levine on WGST talk radio. He is a Constitutional lawyer. He quoted from a U.S. House committee investigative session where it was discovered that the U. S. Treasury will have sufficient funds to pay Social Security and Veterans benefits for the month of August 2011. So the head of the Social Security Administration was questioned as to how these benefits would not be paid (Obama had threatened to stop Social Security payments on 3 Aug.). The committee found that Social Security does not have the authority to issue checks. The Social Security checks are issued by the Treasury Department headed by Timothy Geithner. Even Geithner does not have the authority to not issue Social Security unless he is directed by President Obama to not issue the checks. Pres.Obama alone will be responsible if Social Security checks are not issued starting on August 3, 2011. Every senior citizen and every American needs to understand this.
ATC Services 